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Apartments of this size in this area normally have 3 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Unit 55, Omega Works 4 is £504,592 and the estimated rental value is £2,767 per month.
The apartment is within Omega Works, Roach Road, London, E3.
Roach Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Unit 55, Omega Works 4 has 21 entries in the Land Registry , most recently in August 2013 and a single entry in the EPC database dated February 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Unit 55, Omega Works 4 is in very good condition we estimate a sale value of £529,822 and a rental value of £2,905 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £469,271 and a rental value of £2,573 per month.
Over the last 12 months the sale value of Unit 55 Omega Works 4 has decreased by an estimated £12,154 (2.4%) and its rental value has increased by an estimated £136 per month (4.9%), giving an expected gross yield of 6.6%.
Unit 55, Omega Works 4 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Feb 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
According to HM Land Registry, Unit 55, Omega Works 4 was last sold on 23rd August 2013 for £335,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since August 2013, the market for similar properties has risen 10.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Unit 55, Omega Works 4 within a radius of 360 metres over the last 2 years.
The most recent example is Unit 203, Omega Works 4, Roach Road, London, E3 2GY, a leasehold flat which sold for £530,000 on the 5th November 2024.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Roach Road, London, E3 has a total of 300 addresses. According to our analysis of all the public data, Unit 55, Omega Works 4 is the 174th largest and the 180th most expensive property on the street.
When compared to the postcode district it is £58k more expensive than the average property in E3.
The nearest school is Mossbourne Riverside Academy which is 419 metres away. The nearest train station is Hackney Wick which is 300 metres away.
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